New Jersey Valve Company manufactured $8,200$ units during January of a control valve used by milk processors in its Camden plant.

Records indicated the following:

The control valve has the following standard prime costs:

Required:

Prepare a schedule of standard production costs for January, based on actual production of $8,200$ units.

For the month of January, compute the following varlances.

Complete this question by entering your answers in the tabs below.

For the month of January, compute the following variances.

Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable", Select "None" and enter $"0"$ for no effect

$($i$.$e$.,$ zero variance$).$